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Freehold Fish & Chip & Takeaway Located In Walsall

Walsall, West Midlands
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  • Freehold: £249,950
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Freehold Fish & Chip Takeaway Located In Walsall
Or Investment Property (9.5%) Return
Two Bedroom Accommodation Above
Ref 2695

Location
This unopposed Fish & Chip Takeaway is located in Walsall. Situated within a prominent and highly visible corner position on Westbourne Street where it meets Butts Road. The immediate area has plenty of businesses and industry along with an abundance of residential houses all of which bring high levels of footfall to the area. Walsall town centre is (0.5 miles) and the M6 motorway is (2.5 miles) which opens up all major motorway network.

Freehold Asking Price: £249,950 plus SAV (£1,000)

Business Description
Veritas Business Sales are delighted to offer to the market this Freehold Fish & Chip takeaway which is located in Walsall. The business was established 4 years ago and has been in the careful hands of the current owner for the past 18 months. Our client who is the freeholder is now offering the property for sale so that he can concentrate on other business interests.
Since ownership there has been continual investment in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The Chippy is leased out but the purchase price includes the business & property as the leaseholder wishes to exit as well. The business is owner operated with the help of 1 full time and 1 part time member of staff and has a weekly turnover of between £2,200-£2,500. Approximately 70% is walk-in trade with the remaining 30% deriving from the online delivery portals Just Eat, Deliveroo and Uber Eats. They serve a fine range of fish & chips, pies, saveloys, condiments, kebabs, naan’s, burgers, southern fried chicken, savouries and cold drinks.
We believe that there is potential to increase revenue should you wish, by expanding the current food offering and maybe adding pizzas and by opening on Sundays. The business has built a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business with further potential which is a great base to build upon and as such early viewing is highly recommended.

Opening Times
Monday – Friday – 12:00pm – 9:00pm
Saturday – 3:00pm – 9:00pm
Sunday – closed


Shop Lease
Original term: 20 years
Remaining: 18 ½ years
Rent: £16,500 pa
Rates: zero

Flat
This is let on a 6 month AST with rental income of £7,380 pa

Ground Floor
Takeaway comprising: 2 pan range (Middleton) with 2 x chip boxes and 2 x warming cabinets, , serve over sales counter with EPOS till system, stainless steel table, stainless steel shelf, dual slush machine, 2 door drinks fridge, 2 x single kebab machines (Archway), kebab meat shaver, 2 x electric knives, 3 x kebab meat catchers, 5 pot wet bain-marie, saladette, 2 door upright fridge (Foster), panini press (Adexa), pizza oven (Lincoln), extraction canopy and chicken fryer (Kuroma). This room has stainless steel wall cladding.
Preparation room comprising: dough mixer, worktop with draws, fish fridge, 2 x chest freezers, 2 x domestic microwaves, 2 slice toaster, 2 x wall mounted shelves, upright fridge, 4 ring gas hob/oven, dual stainless steel sink, stainless steel shelf and combi oven (Logic). This room has UPVC wall cladding.
Office with 3 x plastic chip bins, potato peeler, potato chipper, potato storage area, worktop with base unit and rear exit door.
Restroom with sofa and shelving.
W/C with wash basin.

Flat
Entrance door into a hallway with stairs to the first floor.
First Floor
Double bedroom
Single bedroom
Full bathroom
Kitchen
Lounge

The flat benefits from UPVC double glazing and gas fired central heating.

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Contact seller

Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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